Banner Aerospace Announces Plan to Purchase Shares of The Fairchild Corp.DULLES Dul·les , Allen Welsh 1893-1969. American public official. Director of the CIA (1953-1961), he resigned after the failed invasion of the Bay of Pigs. Noun 1. , Va.--(BUSINESS WIRE)--July 7, 1998--Banner Aerospace Inc. (NYSE NYSE See: New York Stock Exchange :BAR) announced today that its Board of Directors has approved the purchase by Banner Aerospace of up to 2.5 million shares of common stock of The Fairchild Corp. (NYSE:FA) through open market purchases. Fairchild currently owns approximately 83 percent of the outstanding common stock of Banner Aerospace. The purchases by Banner Aerospace will be made from time to time depending on the market price of Fairchild stock and may be subject to Banner Aerospace obtaining any requisite lender approval. Banner Aerospace is a diversified diversified (di·verˑ·s family of companies providing the aviation community with reliable, single solutions through a global distribution network delivering rotables and engines to the commercial, regional and corporate aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. of the aviation industry.
CONTACT: Banner Aerospace
Eugene W. Juris, 703/478-5790
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